A unilateral contract is an agreement where one party makes a promise in exchange for the other party’s performance. In franchising, a unilateral contract may be involved when a franchisor offers the franchise opportunity and promises to provide support, training, and branding in exchange for the franchisee’s commitment to operate the business. These types of contracts are common in franchise agreements and outline the obligations of both parties involved.
Unilateral Contract
This term
A unilateral contract involves one party offering something in exchange for the other party’s performance.
Joe Bailey
Lead Franchise Advisor & Owner
At Franchise Reports, the goal is simple: help you find better franchises.
